Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) When using segment rules
B) Every accounting method should have a COA.
C) When using account combination rules
D) When account combination rules use constants
E) When using ledgers that have unique accounting requirements

2. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Cost Accountant role for the correct cost organization.
C) Create Data Access on the Accounts Payable role for the correct inventory organization.
D) Create Data Access on the Accounts Payable role for the correct cost organization.

3. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) The original account is stored on the journal line.
B) An alternate account will be used if provided.
C) An error will always occur.
D) The preprocessor will pre-warn about this error.
E) Suspense accounts cannot be used.

4. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
B) Review their audit receipt accrual clearing balances.
C) Review their Receipt Accounting processes that show whether any processes failed and why.
D) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
E) Review their accrual balances and clear them.

5. You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A) The cost planning scenario will use both work definitions for the item.
B) The application will use the work definition that is named Plan B.
C) The scenario will choose the work definition that is production priority 1.
D) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
E) The application will generate an error because there are two work definitions for the same item.

Solutions: